FTM Continues its Pump

Written By Guest User
FTM daily candle chart, approximately 9:50 am ET, 10/8/21.

FTM daily candle chart, approximately 9:50 am ET, 10/8/21.

Fantom token has taken off over the past few days. From its short-term low two days ago, it’s moved about 75% upwards. A lot of attention has been brought to FTM as an ecosystem coin lately and its price action is a great indicator of that.

ETH/BTC ratio daily candle chart, approximately 10:15am ET, 10/8/21.

ETH/BTC ratio daily candle chart, approximately 10:15am ET, 10/8/21.

FTM is testing an area of resistance in its ratio to BTC. Currently, the MFI is nearing overbought territory while the MAC D prepares to swing upward.

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